Financial Reporting Accountant

M&G plc.
Edinburgh, United Kingdom
25 Mar 2023
08 Apr 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
At M&G our purpose is to help people manage and grow their savings and investments, responsibly. As a business, we are continuing to take steps towards a sustainable future, delivering better long-term solutions for our customers and clients and identifying new opportunities to make a positive impact for our environment and communities . To help us achieve our vision we're looking for exceptional people who live our values of care and integrity and who can inspire others; embrace change; deliver results and keep it simple.

We will consider flexible working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

The Role:

M&G plc is a FTSE 100 company created in October 2019 when the business demerged from Prudential Plc. As a result of the past and ongoing shift towards business as usual practices, an opportunity has arisen to join the Group Reporting team in Edinburgh.

M&G plc is required to report its consolidated IFRS financial statements to the market twice a year as well quarterly Management information and regulatory Group Solvency 2 reporting. This role will play a key part in contributing to the process that underpin the overall preparation and delivery of the Group's financial reporting.

The role will have a broad range of responsibilities including preparation of IFRS disclosure notes; contributing to papers for Audit Committee and other governance forums; reporting quarterly management information to the Board; and involvement in technical accounting decisions and analysis.

In addition, there are substantial change projects currently in progress across the business which will have a notable impact on the Group Reporting team and their processes. This aspect will also be an important component of the role.

It is an exciting opportunity for a dynamic accountant to support the ongoing evolution of the M&G plc Group Reporting team as the business continues to grow and gain stature as a standalone company.

Key Responsibilities for this role:
  • Support the preparation of the Group IFRS financial statements, including ownership of a number of notes to the accounts, produced to auditable standards
  • Support the process to produce the other financial sections of Group reporting
  • Support the preparation of the Group's Solvency 2 reporting, including ownership of selected quarterly and annual QRTs
  • Contribute to the production of the Board and Group Executive Committee monthly reporting as directed by the Group Financial Reporting Manager
  • Input to papers required for the Group Audit Committee relating to the Group reporting process, excluding the technical analyses
  • To support the implementation of new accounting standards
  • Actively contribute to the delivery of other finance change projects that impact the Group reporting process
  • To support the delivery of initiatives required as part of the demerger project to ensure Group reporting processes meet all reporting and control requirements of a newly listed plc
  • To maintain effective working relationships with other teams in MGP Finance ensuring that Group reporting needs are communicated, understood and met
  • Work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customer outcomes and a reduction in M&G Prudential's operational risk

Key Knowledge, Skills & Experience:
  • Working knowledge of IFRS and Solvency 2 reporting requirements
  • Working knowledge of financial reporting regulatory requirements and legislatory frameworks
  • Knowledge of M&G plc products, systems and distribution methods would be beneficial
  • Experience of dealing with complex transactions and associated accounting
  • Some knowledge of industry trends, best practice and developments

  • Experience of the production and delivery of financial reporting in a life and pensions organisation. Asset management experience is also beneficial
  • Some experience of finance change programme delivery
  • Experience of insurance accounting, including requirements of UKGAAP and IFRS

Personal attributes/skills:
  • Highly analytical and skilled problem solver, with a strong commercial mind-set, and the ability to distil complex ideas or problems into simple, effective plans and solutions
  • Ability to communicate effectively and influence effectively with productive, successful relationships with demanding senior stakeholders
  • Ability to assess, react quickly and decisively to problems, taking tough decisions where needed or escalating issues as appropriate

  • Qualified accountant

Recruiter: Matt Campbell
Work Level: Experienced Colleague
Close Date: Thurs 6th April

We have a diverse workforce and an inclusive culture at M&G plc, underpinned by our policies and our employee-led networks who provide networking opportunities, advice and support for the diverse communities our colleagues represent. Regardless of gender, ethnicity, age, sexual orientation, nationality or disability we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.
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